Rendering courtesy of MGM Resorts

After advancing as one of only four casino proposals to move forward, MGM Empire City in Yonkers has abruptly withdrawn its bid. On Tuesday, MGM Resorts announced it would pull its proposal, citing a “newly defined competitive landscape” that “challenges the returns” the company had anticipated from the project, as well as recent changes that would limit the casino license to 15 years instead of 30. The Yonkers proposal had been considered a leading contender for a license and was among the first to receive unanimous approval from its community advisory committee late last month.

MGM was one of two proposals seeking to convert existing gaming facilities into full-scale casinos, unlike other bids that called for entirely new developments. The project

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